Worcester Business Development
Worcester, MA 1604
SBA Certified Development CompanyStates Served
Top Industries Financed
- Full-Service Restaurants
- General Automotive Repair
- Plumbing, Heating, and Air-Conditioning Contractors
- Hotels (except Casino Hotels) and Motels
- All Other Professional, Scientific, and Technical Services
Quick Summary
Worcester Business Development is an SBA-certified Certified Development Company (CDC) headquartered in Worcester, Massachusetts. Since 2010, they have approved 125 SBA 504 loans totaling $85.5M, with an average loan size of $684K. They serve businesses across 3 states.
About Worcester Business Development
Worcester Business Development is an SBA-certified Certified Development Company (CDC) headquartered in Worcester, Massachusetts. Since 2010, they have approved 125 SBA 504 loans totaling $85.5M, with an average loan size of $684K. They serve businesses across 3 states.
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Frequently Asked Questions
What does Worcester Business Development do?
Worcester Business Development is an SBA-certified Certified Development Company (CDC) based in Worcester, Massachusetts. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. Worcester Business Development handles the SBA-backed 40% portion of the financing structure.
How many SBA 504 loans has Worcester Business Development approved?
According to SBA FOIA public records, Worcester Business Development has approved 125 SBA 504 loans totaling $85.5M since 2010. Their average loan size is $684K.
What states does Worcester Business Development serve?
Worcester Business Development serves businesses in 3 states: Massachusetts, New Hampshire, New York.
How do I apply for an SBA 504 loan through Worcester Business Development?
To apply for an SBA 504 loan through Worcester Business Development, contact them using the form on this page. You'll also need to work with a participating bank for the 50% bank portion. Before applying, prepare 3 years of business tax returns, personal financial statements, a business plan, and details about the property or equipment you're financing. Most 504 loans require 2+ years in business and a FICO SBSS score of 155+.
Get in Touch with This CDC
Contact Worcester Business Development
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